The Marcus Co. (NYSE:MCS) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in The Marcus Co. (NYSE:MCS - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 335,302 shares of the company's stock after buying an additional 71,189 shares during the quarter. Assenagon Asset Management S.A. owned approximately 1.06% of Marcus worth $4,889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Marcus by 3.5% in the first quarter. BlackRock Inc. now owns 4,349,987 shares of the company's stock worth $69,600,000 after buying an additional 147,251 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Marcus by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,881,753 shares of the company's stock worth $27,906,000 after purchasing an additional 34,584 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Marcus by 4.6% in the third quarter. Vanguard Group Inc. now owns 1,702,256 shares of the company's stock worth $23,645,000 after purchasing an additional 74,638 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Marcus by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 1,130,634 shares of the company's stock worth $17,525,000 after purchasing an additional 63,827 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of Marcus in the fourth quarter worth approximately $15,410,000. 81.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barrington Research restated an "outperform" rating and issued a $20.00 price objective on shares of Marcus in a research report on Friday, March 1st. Benchmark restated a "buy" rating and issued a $20.00 price objective on shares of Marcus in a research report on Tuesday, March 5th. StockNews.com cut shares of Marcus from a "buy" rating to a "hold" rating in a research report on Thursday, February 1st. Finally, B. Riley reduced their price target on shares of Marcus from $23.00 to $19.00 and set a "buy" rating on the stock in a research report on Tuesday, January 2nd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Marcus presently has a consensus rating of "Moderate Buy" and an average price target of $19.67.

Marcus Price Performance

NYSE MCS traded down $0.21 on Monday, reaching $14.05. 368,630 shares of the company's stock traded hands, compared to its average volume of 419,516. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.62 and a quick ratio of 0.62. The Marcus Co. has a 12 month low of $13.30 and a 12 month high of $18.05. The stock has a market cap of $445.67 million, a PE ratio of 45.32, a P/E/G ratio of 13.58 and a beta of 1.47. The stock has a 50-day simple moving average of $14.21 and a 200 day simple moving average of $14.62.

Marcus (NYSE:MCS - Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.12. Marcus had a net margin of 2.03% and a return on equity of 3.19%. The firm had revenue of $161.53 million for the quarter, compared to analysts' expectations of $160.75 million. As a group, research analysts predict that The Marcus Co. will post 0.07 earnings per share for the current year.

Marcus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Friday, March 1st. Marcus's dividend payout ratio is 90.32%.

Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.